Helium's pattern of major reversals is concerning:
• From a single token (HNT) → to subnetwork tokens (IOT/MOBILE) → back to single token
• From directing all Nova Labs revenue to HNT → suddenly stopping buybacks via tweet
I get that trial and error is necessary when
amir
@amirhaleem
01-03
an update on HNT buybacks: the market doesn’t seem to care about projects buying their tokens back off the market, so we are going to stop wasting our money under the current conditions
Helium + Mobile generated $3.4M in October alone and I’d rather we use that money to grow the
to be fair, the HNT -> IOT/MOBILE -> HNT was entirely community led and took place over a pretty long timeframe. we have probably had the wrong governance process over time as it's allowed for a lot of serious changes over the years
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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